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Developer of a relocation management software designed to help companies in connecting the right people at the right time. The company's relocation management software empowers companies with the technology to administer, track and optimize relocation benefits, all while providing a tailored employee experience, enabling clients to forecast and contain relocation costs, build smarter policies and distribute better benefits.
Last updated
In 2024, UrbanBound's revenue reached $10.5M. The company previously reported $6.7M in 2024. Since its launch in 2011, UrbanBound has shown consistent revenue growth.
UrbanBound is a bootstrapped Relocation Management Software startup. Founded in 2011, UrbanBound has grown to $10.5M in revenue without raising any venture capital or outside funding.
As a self-funded Relocation Management Software SaaS company, UrbanBound has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
CEO
Michael is a serial entrepreneur who has co-founded five high growth businesses over his twenty year career. Currently, Michael is the CEO, co-founder, board director of UrbanBound and is a co-founder and board director at Hireology. Michael's first business, Versity.com, grew rapidly over a 3 year period and was successfully sold in 2000. During his time with Versity, Michael held several roles which included CFO, VP of Product Development and Board Member. Prior to these ventures, Michael was a financial analyst at the investment bank Donaldson, Lufkin and Jenrette in New York (acquired by Credit Suisse). He graduated with High Honors from the University of Michigan's Ross School of Business with a Bachelor of Business Administration. Michael is an active member and past President of the Entrepreneurs Organization of Chicago, a global organization with over 14,000 members worldwide.
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We do not have customer count information for UrbanBound yet.
UrbanBound employs approximately 44 people as of 2026, down from 54 in 2023, including 6 sales reps that carry a quota.
UrbanBound generates $10.5M in revenue.
UrbanBound was founded by Michael Krasman.
The CEO of UrbanBound is Michael Krasman.
UrbanBound is bootstrapped and has not raised outside funding.
UrbanBound has 44 employees.
UrbanBound is headquartered in Chicago, Illinois, United States.
UrbanBound operates across multiple industries. Browse revenue, funding, and growth data for UrbanBound in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$10.5M
Funding
$0
Team
44
Founded
2011
| Year | Milestone | Source |
|---|---|---|
| 2024 | UrbanBound Hit $10.5m revenue in November 2024 | konaequity.com |
| 2024 | UrbanBound Hit $6.7m revenue in October 2024 | Estimated |
| 2023 | UrbanBound Hit $4.8m revenue in December 2023 | Estimated |
| 2021 | UrbanBound Hit $3.9m revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 44 employees (December 2024) | |
| 2024 | Reached 44 employees (October 2024) | |
| 2023 | Reached 54 employees (December 2023) | |
| 2022 | Reached 51 employees (December 2022) | |
| 2021 | Reached 53 employees (December 2021) | |
| 2021 | Reached 47 employees (April 2021) |
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